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New Town Road, Colchester CO1 14 bed detached house for sale
New Town Road, Colchester CO1
£725,000
New Town Road, Colchester CO1
£725,000
Our Summary
- An investment opportunity to purchase a property with a predicted 12 months gross income of £81,660 a year, yielding 11
- Outside And Gardens - There is a front lawned garden with a driveway adjacent leading up to a cart lodge garage with the potential to convert
- Tenure: FreeholdLocal Authority: Colchester City CouncilCouncil Tax: Band CEPC: Band DLicenced HMOPotential to extend
- Potential to convert Cart Lodge
Description
This property is an excellent investment opportunity, offering a predicted 12-month gross income of £81,660 per year, yielding 11.26%. The property has been continuously rented for over 25 years and is situated close to Colchester town centre, with easy access to the university and town railway station. The property features accommodation spread over three floors, with 14 study bedrooms, six shower rooms, and three WC's. The property also has a front lawned garden, driveway, and a cart lodge garage with potential to convert. The property is available to purchase as a furnished tenanted property or with vacant possession, offering a great opportunity for investors or those looking for a long-term rental income.